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BEDROOMS3
BATHROOMS3
KITCHENS15
ROOMSX11988777
MLSIDContact Us
Property Description
Prime Triplex Investment in the Heart of London! Unbeatable value in a well-located triplex, just minutes from Downtown and close to all amenities. This solid investment offers ample parking, a fenced backyard, separate hydro meters, private entrances for each unit, and driveways on both sides of the property. Unit 1: 1 bed + den | $745.94/month | Month-to-month. Unit 2: 1 bed + den | $783.00/month | Month-to-month. Unit 3: 2 beds | $1,750/month | Month-to-month. The unfinished basement presents the potential for a fourth unit, while zoning permits an ADU, opening even more revenue opportunities. Whether you're expanding your portfolio or purchasing your first investment property, this is an opportunity you don't want to miss! Book your showing today!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-16 | 2024-07-16 | 91 | $499,900 | - | Expired |
| 2023-09-07 | 2023-12-04 | 90 | $529,999 | - | Expired |
| 2023-07-20 | 2023-09-06 | 48 | $549,999 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
40' x 120'
Fronting
East
Taxes
$3,665 (2024)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Private
Garage Type
None
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London Market Statistics
London Price Trend
140 Rectory St is a 4-bedroom 3-bathroom home listed for sale at $475,000, which is $501,034 (51.3%) lower than the average sold price of $976,034 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in London increased by $81,067 (9.1%) compared to the previous 30 day period (December 22 - January 20) and up $593,150 (154.9%) from the same time one year ago.Inventory Change
There were 157 4-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 38.9% compared with the previous 30 day period (December 22 - January 20) and up 946.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($20,736) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $15,133 increase compared to the previous 30 day period (December 22 - January 20) and ($5,311) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in London over the last 30 days (January 21 - February 19) stood at 35.0%, down from 71.7% over the previous 30 days (December 22 - January 20) and down from 105,113.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in London stood at 48 days when successfully sold over the last 30 days (January 21 - February 19), compared to 86 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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